Biblioteca Digital de VanguardiaComputational models and economic policy analysis in Colombia.
This research presents a revision of macroeconomic computational models implemented in Colombia and their main characteristics. First, the main Computable General Equilibrium (CGE) Models develoed for economic policy analysis are presented including their main theoretical assumptions. In addition, t...
| Autores principales: | , , |
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| Formato: | Revistas |
| Lenguaje: | Español |
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Universidad de Cartagena
2017
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| Acceso en línea: | https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/2088 |
| _version_ | 1782340317636198400 |
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| author | Escobar Espinoza, Andrés Guevara Castañeda, Diego Alejandro Uribe Veloza, Miguel Andrés |
| author_facet | Escobar Espinoza, Andrés Guevara Castañeda, Diego Alejandro Uribe Veloza, Miguel Andrés |
| author_sort | Escobar Espinoza, Andrés |
| collection | Revista |
| description | This research presents a revision of macroeconomic computational models implemented in Colombia and their main characteristics. First, the main Computable General Equilibrium (CGE) Models develoed for economic policy analysis are presented including their main theoretical assumptions. In addition, the new Dynamic Stochastic General Equilibrium (DSGE) Models developed for policy analysis are briefly discussed. Finally, the so called Stock Flow Consistent approach under the PostKeynesian tradition is presented, highlighting its main differences to orthodox applied macroeconomic models discussed earlier. By this, the relevance of applied heterodox macroeconomic models is discussed as an additional tool for macroeconomic policy analysis, in a coherent and logic framework, the interrelations betwen the real and financial sectors of any economy, and to identify unsustainable processes that may lead to economic crisis and unwanted structural changes. |
| format | Revistas |
| id | oai:revistas.unicartagena.edu.co:article-2088 |
| institution | Revista Panorama Económico |
| language | Español |
| publishDate | 2017 |
| publisher | Universidad de Cartagena |
| record_format | ojs |
| spelling | oai:revistas.unicartagena.edu.co:article-20882021-10-05T16:59:22Z Computational models and economic policy analysis in Colombia. Modelos computacionales y análisis de la política económica en Colombia. Modèles de calcul et analyse de la politique économique en Colombie. Escobar Espinoza, Andrés Guevara Castañeda, Diego Alejandro Uribe Veloza, Miguel Andrés Modelos computacionales Equilibrio general computable Política económica Modelos Stock-Flow Consistent Computational models Computable general equilibrium models Economic policy Stock flow consistent models Modèles de calcul Modèles d’équilibre général calculables Politique économique Modèles compatibles avec les mouvements des stocks This research presents a revision of macroeconomic computational models implemented in Colombia and their main characteristics. First, the main Computable General Equilibrium (CGE) Models develoed for economic policy analysis are presented including their main theoretical assumptions. In addition, the new Dynamic Stochastic General Equilibrium (DSGE) Models developed for policy analysis are briefly discussed. Finally, the so called Stock Flow Consistent approach under the PostKeynesian tradition is presented, highlighting its main differences to orthodox applied macroeconomic models discussed earlier. By this, the relevance of applied heterodox macroeconomic models is discussed as an additional tool for macroeconomic policy analysis, in a coherent and logic framework, the interrelations betwen the real and financial sectors of any economy, and to identify unsustainable processes that may lead to economic crisis and unwanted structural changes. Este artículo presenta una breve revisión de los modelos computacionales macroeconómicos que se han utilizado en Colombia y sus principales características. Primero, se realiza una revisión de los principales modelos de Equilibrio General Computable (EGC) implementados para el análisis de la política económica identificando sus principales características teóricas. Adicionalmente, se revisan algunos modelos de Equilibrio General Dinámico Estocástico desarrollados en Colombia. Posteriormente, se presenta el enfoque de los modelos Post-Keynesianos Stock-Flujo Consistentes (SFC), identificando algunas diferencias y puntos relevantes respecto a los modelos anteriores. De esta forma, se busca mostrar la pertinencia de utilizar modelos macroeconomicos de corte heterodoxo como herramienta adicional para examinar de manera lógica y coherente las interrelaciones de los sectores real y financiero, además de resaltar su importancia para establecer e identificar aquellos procesos insostenibles que pueden generar periodos de crisis y cambios estructurales no deseados en las economías. Cette recherche présente une révision des modèles de calcul macroéconomiques mis en œuvre en Colombie et de leurs principales caractéristiques. Tout d’abord, les principaux modèles d’équilibre général calculable (CGE) développés pour l’analyse de politique économique sont présentés, y compris leurs principales hypothèses théoriques. En outre, les nouveaux modèles d’équilibre stochastique dynamique (DSGE) développés pour l’analyse des politiques sont brièvement abordés. Enfin, l’approche dite de la cohérence des flux de stock selon la tradition post-keynésienne est présentée, soulignant ses principales différences avec les modèles macroéconomiques appliqués orthodoxes discutés précédemment. Ainsi, la pertinence des modèles macroéconomiques hétérodoxes appliqués est examinée en tant qu’outil supplémentaire pour l’analyse des politiques macroéconomiques, dans un cadre cohérent et logique, les interrelations entre les secteurs réel et financier de toute économie et pour identifier les processus non durables susceptibles crise et changements structurels indésirables. 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| spellingShingle | Escobar Espinoza, Andrés Guevara Castañeda, Diego Alejandro Uribe Veloza, Miguel Andrés Computational models and economic policy analysis in Colombia. |
| title | Computational models and economic policy analysis in Colombia. |
| title_full | Computational models and economic policy analysis in Colombia. |
| title_fullStr | Computational models and economic policy analysis in Colombia. |
| title_full_unstemmed | Computational models and economic policy analysis in Colombia. |
| title_short | Computational models and economic policy analysis in Colombia. |
| title_sort | computational models and economic policy analysis in colombia. |
| url | https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/2088 |